Yvette Cooper: I am announcing Government action today to ensure vital PFI infrastructure projects will go forward as planned despite current financial market conditions, so they can support jobs and the economy.
	This action will ensure that crucial and valuable public investment will not be disrupted by problems in the financial markets. In total, £13 billion of public investment in procurement will be safeguarded. This protection will assure the future of a broad range of public infrastructure projects including £3.5 billion of waste treatment and environmental projects, £3.1 billion of transport projects and £2.4 billion of schools projects. It will also avoid the significant delays which would be entailed by switching these projects to alternative procurement approaches. These projects can therefore go ahead swiftly and support jobs and the economy and help prepare the country for the future recovery.
	Around 110 PFI projects are currently in the pipe line, and PFI projects make up typically 10 per cent. of public capital investment. PFI projects have consistently demonstrated value for money and high levels of user satisfaction in vital areas of public service delivery.
	PFI projects continue to be able to secure equity as private construction companies and investors are still willing to put money in and bear the risk of delays or cost overruns, rather than the taxpayer. Some projects, however, are finding difficulties obtaining sufficient debt as a result of the global credit crunch.
	From today the Government will lend to those PFI projects that cannot raise sufficient debt finance on acceptable terms, lending alongside commercial lenders and the European Investment Bank. It will also be able, where necessary, to provide the full amount of senior debt required by a project. Funding will be provided from across Government, including initially from unallocated funds and Departmental underspends on previous projects. Equity investors will continue to bear the primary risk in these projects and, where available, private sector debt will continue to be provided.
	The Government believe it is vital to get these infrastructure projects under way as swiftly as possible—to support jobs and the economy this year as well as delivering important public services. Switching to alternative procurement methods or conventional funding and for these projects at this late stage would incur significant additional delays or risk projects failing. For that reason we have decided that providing additional debt finance is the most effective way to get construction underway swiftly and support the economy.
	Retaining the PFI structure will mean that the private sector will continue to bear the risk of cost over runs and delays. A recent Ipsos MORI report on the operational benefits of PFI has shown that contract managers are highly positive about the overall performance of PFI projects, contract service levels are being achieved and user satisfaction is high.
	The Treasury will use professional lending skills, and intends to lend to projects only where appropriate funding is not available from the market. It will be a temporary intervention. As with normal commercial lending these loans will bear interest and will be repaid over the life of the project. The Treasury envisages, however, selling the loans it makes prior to their maturity when favourable market conditions return.
	I have agreed that all PFI projects in procurement (that have, to date, issued a notice in the Official Journal of the European Union (OJEU)) will be eligible for this finance from the Government. Future projects intending to go to market soon will also be eligible, provided they meet the usual value for money and affordability criteria, and subject to Treasury approval before issuing their OJEU notice.

Stephen Timms: I am pleased to tell the House that Her Majesty's Revenue and Customs will shortly publish drafts of the Tax Law Rewrite project's sixth and seventh Bills.
	These two Bills are a major landmark in the task of rewriting the legislation for the two main direct taxes which are of great importance to individuals and businesses. The project has, since its inception in 1996, been rewriting the income tax and corporation tax codes in a clearer and more understandable form, making them more accessible than at any time in recent memory. The Bills, when enacted, will complete this work.
	One is the Corporation Tax Bill which is the second of two Bills by that name which will rewrite substantially the whole of the corporation tax code. (The first is presently before Parliament and will become the Corporation Tax Act 2009.) it is expected to become the Corporation Tax Act 2010. It includes provisions about the treatment of losses and gifts to charities, reliefs, distributions, particular types of companies and activities, avoidance and definitions.
	The second is the Taxation (International and Other Provisions) Bill which includes provisions about double taxation relief, transfer pricing, advance pricing agreements and tax arbitrage. The Bill also seeks to help users by relocating and where appropriate rewriting provisions which would otherwise have been left unhelpfully in the Income and Corporation Taxes Act or one of the Finance Acts.
	It is planned to introduce the Bills into Parliament by the end of 2009. Four previous Bills of the project were enacted as the Capital Allowances Act 2001, the Income Tax (Earnings and Pensions) Act 2003, the Income Tax (Trading and Other Income) Act 2005 and the Income Tax Act 2007.
	The scope of these new Bills and the timing of consultation were agreed with the project's Consultative and Steering Committees which together include the main representative bodies and other users. They benefit from a style and structure that has been developed as a result of consultation over the previous rewrite Bills. Earlier versions of the legislation in these new Bills have been revised in the light of comments and suggestions from tax professionals and others who engaged in the consultation process. This has only been possible thanks to the close collaboration and co-operation between the project team and tax practitioners, the legal profession and business representatives.

Jonathan R Shaw: I am pleased to announce that the Explanatory Memorandum and Command Paper for ratification of the UN convention on the "Rights of Persons with Disabilities" will be laid before Parliament later today.
	In taking this important step, the Government have confirmed its commitment both to this convention, and to the principle that it enshrines that disabled people have, and should be able to enjoy, the same human rights as other people.
	In working towards this point, Government Departments and the devolved Administrations have been checking their legislation, policies, practices and procedures against the convention's provisions. The UK does not ratify any international treaty until it is in a position to ensure that it can implement the provisions and therefore comply with its obligations. The Explanatory Memorandum which has been laid explains the basis on which the Government proposes the UK should now ratify the convention, and the handful of reservations and interpretative declarations that are required in order that we may do so.
	A reservation is proposed in respect of service in the armed forces to preserve the position already reflected in the Disability Discrimination Act 1995 as amended (DDA). Service in the armed forces is exempt from the employment provisions of the DDA. This approach is entirely consistent with EU Council Directive 2000/78/EC establishing a general framework for equal treatment in employment and occupation. Service in any of the naval, military or air forces of the Crown are excluded from the DDA's employment provisions to preserve their combat effectiveness. The Government decided to exclude members of the armed forces in the DDA because armed forces personnel need to be combat effective in order to meet a world wide liability to deploy, and to ensure that military health and fitness remain matters for Ministry of Defence Ministers based on military advice, not for the courts.
	An interpretative declaration is proposed to make clear that the UK general education system includes both mainstream and special schools, thereby clarifying how the UK Government interpret the convention. This will make it clear that special schools are considered part of the UK's general education system and that parents have the right to express a preference for a special school. A reservation is proposed to allow for circumstances where disabled children's needs may be best met through specialist provision, which may be some way from their home—so they will need to be educated outside their local community. This also maintains parental choice for schools outside the local community.
	A general reservation is proposed in order to retain the right to apply immigration rules and to retain the right to introduce wider health screening for applicants entering or seeking to remain in the UK, particularly in the event of a global health emergency, if this is considered necessary to protect public health. This clarifies the Government's understanding that the convention does not create new or additional rights for non-UK national disabled people relating to the entry into, stay in and departure from the United Kingdom. This reservation will be subject to review 12 months after the UK has ratified the convention in order to assess whether there is a continued need for it in practice.
	A reservation is proposed in respect of article 12.4, which concerns safeguards for the exercise of substituted decision-making and includes a requirement for "regular review" by a competent, independent and impartial authority or judicial body. There is currently no review system for Department for Work and Pensions (DWP) appointees; that is, people who are appointed to claim and collect benefits on behalf of another person due to that person's lack of physical or mental capacity. Those appointee arrangements are not at present subject to the safeguard of regular review, as the Government believe this article requires. DWP is therefore actively working towards a proportionate system of review to address this issue.
	Moving towards ratification is a major achievement. I believe that this step will be welcomed, along with the signing of the optional protocol to the UN convention last week. Together, these two actions send out a very strong signal—the Government are serious about achieving equality of human rights for disabled people and are making real progress towards their goal of disability equality by 2025.